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Freddie Mac

BUSINESS
January 16, 2014 | By E. Scott Reckard
  Signs that the economic recovery was weakening caused mortgage interest rates to drop early this week, with lenders telling Freddie Mac they were offering 30-year fixed loans to solid borrowers at an average rate of 4.41%. That was down from 4.51% a week earlier, Freddie Mac said in its weekly survey , released Thursday. The government-backed finance company attributed the decline to reports showing only slight gains in job formation and retail spending in December. The average for a 15-year fixed-rate mortgage fell to 3.45% from 3.56%, Freddie Mac said.
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BUSINESS
June 11, 2003 | From Reuters
Congressional critics of Freddie Mac said Tuesday that they would hold hearings on the home mortgage financier that ousted its top management Monday over an earnings restatement going back to 2000. Meanwhile, the Securities and Exchange Commission was investigating whether Freddie Mac has violated securities laws, a person close to the matter said. Rep. Richard H. Baker (R-La.
BUSINESS
March 12, 2010 | By E. Scott Reckard
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
BUSINESS
March 7, 2013 | By E. Scott Reckard
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
BUSINESS
March 28, 2013 | By E. Scott Reckard
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found.  QUIZ: How much do you know about mortgages?
BUSINESS
August 14, 2013 | By E. Scott Reckard
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week. The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a week ago, which is statistically unchanged. Start rates on adjustable mortgages were slightly higher, according to McLean, Va.-based Freddie Mac. The 30-year fixed rate hit an all-time low of 3.31% last November. The current higher rate would mean a person borrowing $200,000 now would pay $125 more per month compared with a person who borrowed when the rate was at its lowest, said Frank Nothaft, Freddie Mac's chief economist.
BUSINESS
May 3, 2012 | By E. Scott Reckard
Stop me if you've heard this before, but mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac's weekly survey shows. That's down from 3.88% last week and a previous record low of 3.87% in February. All of the rates would have seemed unimaginable as recently as 2008, when the 30-year rate averaged more than 6%, or 2009, when the typical rate exceeded 5%.  The 15-year fixed mortgage also dropped to a new record, according to Freddie Mac, the big government-supported loan buyer.
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